April 6 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday it expects the Slovenian economy to grow by 3.7% this year, revising downwards its 5.2% economic growth forecast made in October.
The IMF expects Slovenia's gross domestic product (GDP) to increase by 4.5% in 2022, the Fund said in its latest World Economic Outlook report.
The projections compare with an anticipated GDP growth of 4.4% for the euro area this year, following a 6.6% contraction in 2020. The IMF expects the euro area's GDP to grow by 3.8% in 2021.
Slovenia's economy declined by 5.5% in 2020, the IMF said.
The country's jobless rate will rise to 5.4% in 2021, from last year's 5.1%, before falling to 5.0% in 2022, according to the report.
Slovenia is expected to swing to average inflation of 0.8% in 2021, from last year's 0.1% deflation. Inflation is forecast to quicken to 1.5% in 2022.
Slovenia's current account surplus is seen dropping to 6.9% of GDP this year from 7.3% of GDP in 2020. The surplus will continue to shrink next year - to 6.6% of GDP, the IMF said.